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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 510,008 $ 615,386
Short-term investments 397,034 377,312
Accounts receivable, net 231 1,377
Prepaid expenses and other current assets 16,721 13,477
Total current assets 923,994 1,007,552
Property and equipment, net 14,709 17,083
Operating lease right-of-use assets 43,844 44,952
Other assets 4,386 4,692
Total assets 986,933 1,074,279
Current liabilities:    
Accounts payable 6,572 9,855
Amounts due to joint development partners 4,353 5,753
Accrued expenses and other current liabilities 32,255 48,260
Short-term debt 1,659 1,645
Operating lease liabilities, current 5,972 6,007
Total current liabilities 50,811 71,520
Operating lease liabilities, noncurrent 40,658 42,169
Long-term debt 3,244 3,668
Other liabilities 824 2,441
Total liabilities 95,537 119,798
Commitments and contingencies (Note 4)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 100,000,000 shares authorized as of December 31, 2022 and March 31, 2023; zero shares issued and outstanding as of December 31, 2022 and March 31, 2023, respectively 0 0
Common stock, $0.0001 par value; 4,876,000,000 Class A shares authorized as of December 31, 2022 and March 31, 2023; 201,707,557 and 202,384,736 Class A shares issued and outstanding as of December 31, 2022 and March 31, 2023, respectively; 24,000,000 Class B shares authorized, issued and outstanding as of December 31, 2022 and March 31, 2023, respectively 22 22
Additional paid-in-capital 2,584,528 2,567,723
Accumulated other comprehensive loss (2,237) (3,559)
Accumulated deficit (1,690,917) (1,609,705)
Total stockholders’ equity 891,396 954,481
Total liabilities and stockholders’ equity $ 986,933 $ 1,074,279